This has to be another good year for stocks and I’m betting 2018 will top 2017. And I’m not monkeying around in forthrightly arguing that “I’m a believer” and I couldn’t leave this market, if I tried (to rely on the wisdom of The Monkees!).
We started the year at 5773.2 on the S&P/ASX 200, which means we’re up 4.5%. With dividends, let’s call it 9%. And if Santa rolls into town in New York, you can bet the Wall Street rally will push us higher too.
But the short-term is not my preoccupation. No, I’m focused on the longer term, where I think we have two years left in this long bull market to make money. Next year holds no fears and any sell-offs, which I expect we’ll see, will be more buying opportunities for the ‘true believers’.